Canadian company ReliON, the first firm created out of Diagram Ventures’ new ClimateTech Fund, will use the funding to accelerate its efforts to transform the landscape of EV charging infrastructure and make it more dependable.
The need for reliable EV charging infrastructure has never been more critical, with 20% to 30% of chargers found to be inoperable at any given time. The causes of these outages are diverse. They range from software and hardware faults to vandalism, communication issues, and poor interoperability with vehicles. Despite industry-wide awareness and ongoing efforts to establish best practices and standards, there remains a significant need for a dedicated and comprehensive tool to streamline the diagnostics and repairs of EV charging infrastructure.
"ReliON is dedicated to ensuring the seamless operation of EV charging infrastructure, empowering businesses and individuals alike to embrace electric mobility with confidence," said Benoit Lacroix, CEO and co-founder of ReliON. "This latest round of funding enables us to expand our reach and firmly establish ourselves as the trusted partner for optimising uptime and performance in the EV charging ecosystem."
ReliON’s comprehensive and hardware agnostic, the solution integrates with all types of chargers and monitors the environment and supporting infrastructure. The platform can be adopted by charge point operators, fleet managers, original equipment manufacturers, and service providers alike. The company will utilise the newly secured capital to further develop its Operation & Maintenance (O&M) platform and scale its operations to meet growing demand for reliable EV charging solutions.
